Artificial Intelligence
Injection Molding Market will reach USD 390.0 billion by 2030 : GreyViews
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Pune India, Jan. 28, 2023 (GLOBE NEWSWIRE) — The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the injection molding market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the injection molding market are present across various countries in the above-mentioned regions.
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The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the material, technology, application, and region. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the below paragraphs.
The significant players operating in the global injection molding market are Berry Global Inc, Silgan Holdings Inc., AptarGroup, Inc., Amcor PLC, and ALPLA. among others. To achieve a substantial market share in the worldwide injection molding market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
It is projected that there would be an increase in demand for the mass production of thousands of identical components at reduced prices, together with design flexibility and precision, particularly from a variety of end-user industries like packaging, medicine, and electronics. The world’s economic recovery has been threatened by the omicron strain’s sudden increase in 2021. A lockdown could be imposed and the supply chain could be disrupted because of the high transmissibility and ability to infect persons who have received immunizations. Additionally, to safeguard themselves against upcoming disruptions that are projected to raise market demand, countries like China, India, and South Korea are focusing on boosting domestic production. The COVID-19 outbreak caused a transformation in the U.S. injection molding market as the participants boosted their capacity to meet the escalating market needs. Medical equipment demand, rising healthcare spending, and an increase in manufacturers utilizing medical injection molding technologies are all anticipated to positively affect growth. Mass production, bridge tooling, and prototype development are the three key procedures in injection molding services. Prototypes are necessary for the fabrication of parts in order to assess the shape and form of the components prior to moving forward with their manufacturing with the actual designs.
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Scope of Injection Molding Market Report
| Report Metric | Information |
| Study Period | 2022-2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Market Share Unit | USD Billion |
| Segments Covered | Material, Technology, Application, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle-East and Africa |
| Major Players | Berry Global Inc, Silgan Holdings Inc., AptarGroup, Inc., Amcor PLC, and ALPLA. among others |
Segmentation Analysis
The plastics segment is expected to be the fastest-growing segment in 2022.
The material segment is metals, plastics, and others. The plastics segment is expected to witness the highest growth rate during the forecast period. Because plastic offers a low-cost technology ideal for high-volume production runs, applications that demand design homogeneity, and applications that need precise tolerances. Recent developments have encouraged the mass manufacture of intricate plastic shapes in order to lower the rate of defective production, particularly in packaging, consumer goods, and construction, boosting industrial growth. Injection moulding requires more plastic polymers as a result of properties including high tensile strength, higher metal tolerance, and high-temperature endurance. These resins also enable a decrease in manufacturing waste, product weight, and overall manufacturing costs, which promotes industry development.
The electric segment is expected to be the fastest-growing segment in 2022.
The technology segment is electric, hydraulic, and hybrid. The electric segment is expected to witness the highest growth rate during the forecast period. The electric machine is quicker to start up, utilizes energy only when it is moving, and is energy-efficient. These machines operate digitally, therefore a speedy process can be accomplished without monitoring. Since the electric portion has incredibly accurate control and monitoring mechanisms, the molding state may be stabilized. As a result, the electric injection molding market is able to be digitally controlled, run at a high speed, and be more productive throughout the entire manufacturing process. The independent motors regulate the entire process from injection to extruder to clamping and ejection. This machine generates less scrap during startup.
The packaging segment is expected to be the fastest-growing segment in 2022.
The application segment is building & construction, packaging, medical, consumables & electronics, automotive & transportation, and others. The packaging segment is expected to witness the highest growth rate during the forecast period. The packaging industry’s increasing need for injection molding is influenced by a variety of reasons, including changing consumer preferences, sustainability, and the expansion of e-commerce. The need for packaging services is also increasing as a result of growing investments in the pharmaceutical, personal care, and food processing sectors. The growth of smartphones, artificial intelligence, and voice recognition technologies, as well as the existence of technology-driven organizations, are predicted to have a substantial impact on the development of the injection molding market. It is projected that rising demand for connections, plug connectors, sensors, electronic components, and other electronics will fuel the expansion.
Regional Analysis
The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the injection molding include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.
- The Asia Pacific region witnessed a major share. Due to the sizeable investments made by the governments of various countries in the region in the growth of residential construction and the development of public infrastructure.
Country Analysis
Germany’s injection molding market size was valued at USD 0.75 billion in 2022 and is expected to reach USD 1.19 billion by 2030, at a CAGR of 6% from 2023 to 2030. Due to technological advancements, an increase in investment stimulus, and the promotion of technology across a range of end-use industries, including packaging, autos, and medicine. As end-user demand for intelligent packaging that is recyclable and sustainable rises, positive development is projected.
China’s injection molding market size was valued at USD 0.78 billion in 2022 and is expected to reach USD 1.26 billion by 2030, at a CAGR of 6.2% from 2023 to 2030. The significant advancements in the residential and commercial construction sectors have aided China’s economy’s expansion. The housing administration of Hong Kong in China launched a variety of steps to hasten the construction of affordable housing. The government wants to have 301,000 public housing units accessible by 2030. With a CAGR of almost 6.8%, it is predicted that the Chinese packaging market will grow dramatically by 2025 and reach CNY 2 trillion (or USD 282.11 billion). This promising momentum in the packaging industry is expected to spark demand for injection molding across the nation.
India’s injection molding market size was valued at USD 0.60 billion in 2022 and is expected to reach USD 0.96 billion by 2030, at a CAGR of 6.1% from 2023 to 2030. The second-largest industry in India is construction, which contributes 9% to the country’s GDP. The construction sector had significant growth in 2021 as a result of rising end-user spending and intensifying government programs for the building industry’s rehabilitation following COVID-19. The Indian construction sector is anticipated to reach USD 1 trillion by 2030, making it the third-largest market in the world. The Indian government also expects the market for pharmaceutical products to reach USD 130 billion by 2030. India has exported pharmaceutical items to more than 200 nations, and this trend may continue in the future.
Covid-19 Impact
Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.
Furthermore, the growth of the injection molding market is mainly driven by the rise in healthcare sector..
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Contact Us
Rocky Shah
GreyViews
Pune India
Phone: (+44) 162-237-1047
Email: [email protected]
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Artificial Intelligence
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To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
South Korea Data Center Market Report Scope
Report Attributes
Details
Market Size (Investment)
USD 7.22 Billion (2029)
Market Size (Area)
688 thousand sq. Feet (2029)
Market Size (Power Capacity)
143 MW (2029)
CAGR Investment (2023-2029)
8.43 %
Colocation Market Size (Revenue)
USD 1.42 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
South Korea is becoming a resilient data center market, propelled by a strategy prioritizing cloud service, a conducive business climate, and a well-established regulatory framework. Moreover, South Korea is a prominent Southeast Asian market, with investment opportunities driven by Artificial Intelligence and Renewable Energy initiatives. Major investments from local and international data center providers position the country as a pivotal player in the Asia-Pacific (APAC) digital infrastructure landscape.
Recently, South Korea has seen the development of smart cities such as Seoul, Incheon, Busan, and Daejeon. These cities implemented various smart solutions, including the Integrated Public Transportation Fare System, Demand-Responsive Transportation (DRT), Smart Grid, Smart Waste Management System, and numerous others.
Investment Opportunities in South Korea
In October 2023, LGU+ announced the completion of their second facility, Pyeoungchon 2 Center, in South Korea.In September 2023, Kakao announced the completion of their data center facility in Ansan, Gyeonggi, South Korea.In September 2023, SK Ecoplant announced plans to develop a data center campus facility in Pohang, South Korea.In August 2023, the South Korean government announced plans to develop a 1GW data center campus in the Southwest of South Korea.In June 2023, Empyrion DC commenced constructing its first data center facility in the Gangnam area of Seoul, South Korea.Market Trends
The South Korean government has committed to overturning the earlier policy by the administration of phasing out nuclear energy—the previous approach aimed to reduce the number of operational nuclear plants to 17 by 2034.South Korea plans to reduce its dependence on coal-fired power generation to 19.7% by 2030 and further down to 14.4% by 2036. Additionally, the country aims to decrease its reliance on gas-fired generation to 22.9% by 2030 and 9.3% by 2036.KOEN, formerly Korea South-East Power (KOSEP), generates renewable power from photovoltaic – 36 MW, hydro – 18.6 MW, fuel cells – 51.9 MW, wind – 58.4 MW, and biomass – 325 MW.Korea Western Power owns and operates around 17 solar power plants with a total capacity of around 43 MW. The Taean Small Hydro Power plant generates 2.2 MW, and the Hwasun Wind Power plant produces around 16 MW. In addition, the company generates around 39 MW of power capacity through fuel cells, generating around 35 MW of power through biomass.Significant Growth in Cloud, Mission Critical, and High-Performance Infrastructure to Increase OCP and Arm-based Server Adoption Booming the Market Growth
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Why Should You Buy This Research?
Market size is available regarding investment, area, power capacity, and South Korea colocation market revenue.An assessment of the data center investment in South Korea by colocation, hyperscale, and enterprise operators.Investments in the area (square feet) and power capacity (MW) across cities in the country.A detailed study of the existing South Korea data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in South KoreaFacilities Covered (Existing): 35Facilities Identified (Upcoming): 19Coverage: 12+ CitiesExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in South KoreaColocation Market Revenue & Forecast (2023-2029)Wholesale vs. Retail Colocation Revenue (2023-2029)Retail Colocation PricingWholesale Colocation PricingThe South Korea data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.A transparent research methodology and the analysis of the demand and supply aspects of the industry.Buy this Research @ https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
Post-Purchase Benefit
1hr of free analyst discussion10% off on customization The Report Includes the Investment in the Following Areas:
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsTransfer Switches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRack CabinetsOther Mechanical InfrastructureCooling SystemsCRAC & CRAH UnitsChiller UnitsCooling Towers, Condensers & Dry CoolersEconomizers & Evaporative CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & Commissioning ServicesEngineering & Building DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IVGeographySeoulOther CitiesVendor Landscape
IT Infrastructure Providers
Arista NetworksAtosCisco SystemsDell TechnologiesFujitsuHewlett Packard EnterpriseIBMInspurIntelLenovoNetAppData Center Construction Contractors & Sub-Contractors
BEHIVE ArchitectsDPR ConstructionGS E&CHanmiGlobalHyundai Engineering & ConstructionISGPOSCO ICTSAMOO Architects & EngineersSamsung C&TSupport Infrastructure Providers
ABBCaterpillarCumminsDelta ElectronicsEatonFuji ElectricLegrandMitsubishi ElectricPiller Power SystemsRittalRolls-RoyceSchneider ElectricSTULZVertivData Center Investors
ActisDigital RealtyDreammark1Digital EdgeEquinixHostway IDCKakao CorpKT CorpLG UplusLG CNSNaverNHN CorpSOLISIDCSK BroadbandNew Entrants
Empyrion DCESROneAsia NetworkPrinceton Digital GroupPure Data Centres GroupSC Zeus Data CentersST Telemedia Global Data CentresSTACK InfrastructureKey Questions Answered in the Report: How big is the South Korea data center market?How many existing and upcoming data center facilities exist in South Korea?How much MW of power capacity will be added across South Korea during 2024-2029?What factors are driving the South Korea data center market?What is the growth rate of the South Korea data center market?Who are the key investors in the South Korea data center market?
Get the Detailed TOC @ https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
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We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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Lucinity thanks its partners and stakeholders for their continued support and interest as it embarks on this exciting new chapter.
About Lucinity:
Lucinity is a leader in generative AI technologies for financial institutions, designed to accelerate workforce efficiency. Its platform features Luci, an AI copilot that enhances intelligence gathering, analysis, and decision-making, allowing institutions to streamline operations and reduce costs. As an open, configurable, no-code platform, Lucinity is a crucial tool for enhancing productivity and operational efficiency in the financial sector.
Media Contact
Celina PabloSenior Marketing [email protected] +354 792 4321
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